OverviewBMO Financial Group Associate (Credit Analyst), Diversified Industries Full Time in Calgary, AB
BMO Financial Group
Branch Calgary AB CA
Associate (Credit Analyst), Diversified Industries
Cdn Corporate Finance Div-X000025. The Credit Analyst will be a key member of a 3 person deal team in Corporate Finance – a team that includes a Senior Account…
The Credit Analyst will be a key member of a 3 person deal team in Corporate Finance – a team that includes a Senior Account Manager and Senior Relationship Manager. The Credit Analyst will be responsible for the quarterly assessment of complex Financial Statements and accountable to perform all regular monitoring activities including: required monthly and quarterly monitoring (primarily margin/borrowing base and covenant tests, current asset, margin & financial trending) to support and maintain compliance within the Corporate Finance portfolio. The Credit Analyst will support the team in making recommendations regarding risk, deal structure, client requirements; and, by analyzing financial and operating data for trends in financial performance of companies and industries. The Credit Analyst will perform due diligence and credit analysis of current and perspective clients. The Credit Analyst will further support the Senior Account Manager with ongoing portfolio management needs and will be directly involved in the credit underwriting process. The Credit Analyst will participate in client calls and site visits.
KEY AREAS OF ACCOUNTABILITY
Credit Risk and Financial Analysis
Research and analyze financial and operating information related to companies and industries to assess credit risk of present and potential client exposures.
Perform Financial Statement analysis including completion of financial statement spreading within Moody’s Risk Analysis (MRA) software to facilitate risk rating of the entity and test compliance with financial covenants.
Perform risk rating calculations to complete risk assessment.
Assist with set up of the borrower screens within New Risk Rating System (NRRS)/ Commercial Web Lending (CWL) to create master record of risk rating and loan exposure information which will transfer to Basel Data mart & reporting to regulators (OSFI).
Assist with the creation of cash flow models that are used to assess financial soundness including appropriate debt covenant levels, debt service and repayment capabilities, and to structure the appropriate financings.
Assist with due diligence and credit analysis on new and existing relationships to complete steps needed to proceed to funding new loans and to monitor existing exposures.
Assist in the preparation of the initial workup for assigned interim applications and memoranda, quarterly compliance, temporary credit applications including identification of issues and related recommendations and annual reviews to support completion of credit applications.
Through analysis, identify new sales opportunities for prospects and existing commercial clients.
Review credit documentation for conformity with approved Credit Terms and conditions
Spread financial statements and undertake trend analysis of receivables, inventories, payables, margin/borrowing base and covenants to monitor and control client credit facilities.
Provide analytical findings to Account Management Team including input on credit risks and related mitigants to client credit exposure and credit applications.
Support Senior Account Managers on portfolio management needs for the business.
Adhere to Commercial lending processes, policies and procedures, legal and ethical requirements and regulations, audit requirements, and established risk guidelines.
Maintain up-to-date knowledge of Commercial products, processes, and relevant legal, regulatory and technology requirements through audits and quality checks, to ensure decisions are adequately documented, and clearly communicated.
The Credit Analyst will directly support Senior Relationship Managers and Senior Account Managers with the preparation of new and existing credit transactions in a timely and efficient manner.
The Credit Analyst may also interact with the following groups:
Work with company Treasurer (or equivalent role) to obtain and/or clarify financial reporting and related information.
To provide information and clarification on analysis in efforts to obtain concurrence.
Other CFD Lines of Business
Work with CFD business groups (Asset Based Lending, BMOCP, M&A, Cash Management) to provide analysis and clarify financial related information that will be used by these groups in client interactions and relationship building and identification of cross sell opportunities.
Districts and Other Product groups
Partner with related business groups for support with client cross sell and referral needs (FX, Private Client Group, Harris Private Banking).
Global Financial Services
Upon completion of analysis provide guidance to Deal Specialist, GFS to establish the suitable credit limits for clients.
SCOPE AND IMPACT
Corporate Finance Division provides custom-engineered financial solutions to meet the continually changing needs of emerging and existing mid-size commercial clients. Diversified Industries supports the lending needs of the more complex commercial clients with lending needs between $10MM – $100MM across diverse industries and for both public and private entities. Diversified Industries’ overall portfolio is in excess of $20B authorization.
The Credit Analyst will work closely with a deal team comprised of 1 Senior Account Manager which manages a portfolio of approximately 38 accounts with an average portfolio size of $600MM and 1 Senior Relationship Manager. The portfolios they manage are across multiple industries and are of high complexity.
3-5 years commercial experience
Highly developed written and oral communication skills.
Expertise in financial computer applications and database management tools including MS Excel, other Microsoft Office Products and the Internet
Highly skilled in building financial models
Strong interpersonal skills used within a demanding team environment.
Ability to effectively manage competing priorities and timelines
Excellent capability to independently function as part of a team through self-motivation.
Ability to interact effectively with customers; internally and externally
An graduate degree/CA/CGA/CFA or comparable with outstanding academic achievement
A strong working knowledge of finance, accounting, economics
In-depth understanding of commercial products, commercial loan documentation, commercial lending and supporting processes.
At our company, we have been helping our customers and communities for over 195 years. Working with us means being part of a team of talented and passionate individuals with a shared focus on working together to deliver great customer experiences. We stand behind your success with the support you need to turn your potential into performance.
To find out more visit our website at
BMO Financial Group is committed to an inclusive, equitable and accessible workplace. By embracing diversity, we gain strength through our people and our perspectives.
Cdn Corporate Finance Div-X000025
Employment Type: Full Time
Location: Calgary, AB, CA
Posted on: 2015-01-24